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TeamStaff Continues Turnaround

August 16 2011

TeamStaff Inc. (NASD: TSTF), a provider of healthcare and logistics staffing to the federal government, reported revenue rose 5.0 percent to $10.6 million in its fiscal third quarter ended June 30. Revenue was $10.1 million in the year-ago period.

“We continue to turn the corner in our transformation and have solidified our path to obtaining growth,” said Zachary Parker, president and CEO.

Gross margin improved one percentage point to 14.3 percent in the third quarter, compared with 13.3 percent in the 2010 period.

The company’s net loss narrowed to $140,000 from a net loss of $576,000 in the third quarter of last year.

TeamStaff Inc. (NASD: TSTF)
For the fiscal third quarter ended June 30, 2011, compared with the same period in 2010.
Revenue: $10.6 million, +5.0 percent
Net loss: $140,000 vs. net loss of $576,000

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